Department for Business and Trade written question – answered at on 5 March 2025.
To ask the Secretary of State for Business and Trade, whether his Department has had discussions with HM Treasury on the potential merits of re-introducing a 75% retail, hospitality and leisure relief rate.
Without any Government intervention, Retail, Hospitality and Leisure (RHL) relief would have ended in April, creating a cliff-edge for businesses. We are providing support for retail, hospitality and leisure properties in the interim period leading up to the new permanent multiplier by providing 40% relief to RHL businesses on their business rates in 2025-26, up to a cash cap of £110,000 per business. This is protecting the smallest properties by freezing the small business multiplier in 2025-26 and protecting over a million properties from inflationary bill increases. We continue to work closely with HM Treasury on the challenges facing high streets and other businesses.
Yes1 person thinks so
No0 people think not
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